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Nifty Metal index turns positive led by JSW Steel

Steel-Stocks

The Nifty Metal index turned positive after buying seen in JSW Steel, MOIL, NMDC, Tata Steel and Jindal Steel. The Nifty Metal index is trading higher by 27 points or 1.03% in the afternoon session at 1.10-pm, while the benchmark NSE Nifty stood at 12216.50, up 51 points and the Sensex at 41535, up by 183 points

Shares of JSW Steel surged over 2.55-pc and were among the top index contributors, followed by MOIL, NMDC which also gained by 2 to 2.44% at this time.

Tata Steel, JiondalSteel, Hindustan Copper, Hindalco and Coal India were also up on the Metal index.

However, shares of Welspun corp slipped 2.55% being the single index which scaled lower in the Metal index.  For Free trading tips and top stock Alerts, tips visit our website.

Out of 50 stocks in the Nifty 23 stocks were trading in the losses, while the rest 27 stocks see lucrative.